Precious Woods Holding Ltd.

EANS-Adhoc: Precious Woods Holding Ltd.
Joachim Kaufmann appointed new CEO of the Precious Woods Group

-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information 09.04.2010 The Board of Directors of Precious Woods has appointed Joachim Kaufmann as the new CEO of the Precious Woods Group. He will assume this responsibility on 1 June 2010 after a brief induction period. "Because of the in-depth selection procedure we are confident that we have found the most suitable candidate for this extremely interesting and challenging role", explained Chairman of the Board of Directors and acting CEO Ernst A. Brugger. His professional career to date most recently led Joachim Kaufmann to the role of CEO of the Feintool Group in Lyss. Before that he occupied various group management positions with Adval Tech and Feintool. Herr Kaufmann also has many years' management experience with Sulzer in Brazil. His comprehensive industrial, operational and financial experience in international markets will strengthen the management of the Precious Woods Group and make a significant contribution to the further development of the company. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: Precious Woods Holding Ltd. Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Precious Woods Holding Ltd. Militärstrasse 90 CH-8021 Zürich Tel.: +41 44 245 80 10 E-Mail: media@preciouswoods.com Branche: Forestry & Timber ISIN: CH0013283368 WKN: 982280 Index: SPI Börsen: SIX Swiss Exchange / official dealing

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